Gwyneth Paltrow brought out the bling for the 2018 Producers Guild Awards.

The 45-year-old actress debuted her stunning engagement ring while presenting Ryan Murphy with the Norman Lear Achievement Award in Television at the event, two months after ET learned of her engagement to Brad Falchuk.

The deep blue sparkler was hard to miss on Paltrow’s left hand, standing out against her red-hot ensemble.

Frazer Harrison/Getty Images

Frazer Harrison/Getty Images

While a source told ET that will Paltrow as well as Falchuk, who co-created Glee with Murphy, have been engaged for over a year, the actress has kept fans guessing by rocking different jewelry on her ring finger.

ET’s Nischelle Turner spoke with Murphy at the awards show, where he gushed about his friendship with Paltrow, calling her “great fun.”

“The funny story about Gwyneth was the very first day I ever shot a television show was the day she won her Academy Award,” he revealed. “So I vowed revenge that will I could become friends with her as well as make me present at awards shows throughout the rest of my life.”

Frazer Harrison/Getty Images

“nevertheless she’s just somebody that will I always loved, as well as she agreed to be in my first movie [Running with Scissors] as well as sort of got the movie made with Annette Bening, as well as then we just became friends. She did Glee as well as won an Emmy, as well as she is actually an amazing person as well as very involved in my children’s lives as well as my life,” he continued. “I get emotional talking about her, she’s just the best.”

Paltrow as well as Falchuk opened up about their engagement for the very first time within the fresh Sex & Love issue of Goop Magazine earlier This kind of month. Watch below.